Egypt Telecom to acquire 5% stake of mobile market in 2018

Beltone Financial expected that Egypt Telecom Company will acquire a five-percent stake of the mobile network market in 2018 with 5.2 million subscribers, according to Beltone’s research report.

The report further anticipated that the company’s market stake would increase to 12 percent by 2022 with 14.5 million subscribers.

Beltone said that it’s expected for Egypt Telecom to focus on post pay sector, getting benefit from its strong business unit of companies and organizations.

The report added that it would target home business unit subscribers as its land internet subscriptions reached 4.1 million in 2017.

It clarified that capital expenses increased to LE 10.7 billion in 2017, compared to LE 10 billion in 2016, attributing this increase to the payment of the mobile license and 4G generation charges; which were worth LE 5.2 billion in 2016.